Axie Infinity, Crypto.com & Binance Coin — Asian Wrap 18 May

AXS price hints at one more drop in price. If the technicals are correct, a target could be reached at $15. Axie Infinity price is currently coiling into what appears to be a triangle consolidation. The triangle could be considered a wave four within the steep declining rally that wiped 40% of profits since May. 

 

Crypto.com price continues to trade near the lows it suffered during last week’s sell-off. While the great majority of major cryptocurrencies have made more than 40 to 50% moves from their flash crash lows. On the other hand, CRO may be positioned for another major drop.

 

Binance coin price warrants the idea of a profitable countertrend opportunity in the coming days. Still, one more dip may be needed to fulfill the overall structure. Binance coin price is displaying a vicious bear rally that may be enticing retail traders to jump in. 


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